Is International Association Of Machinists & Aerospace Workers Legit?
Quick charity verification for International Association Of Machinists & Aerospace Workers (EIN: 20599079)
Verdict: International Association Of Machinists & Aerospace Workers appears trustworthy
75/100Mission Score
$7.3MRevenue
$1.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% reported officer compensation, which is unusual for an organization of this scale and could indicate a lack of transparency in executive remuneration.
NTEE Code is unknown, which limits the ability to benchmark against similar organizations.
Strengths
Consistent revenue generation and growth over the past decade, with latest revenue at $7,277,907.
Strong asset growth, increasing from $483,798 in 2013 to $1,849,584 currently.
Minimal to zero reported liabilities in most recent filings, indicating excellent financial stability.
Expenses are generally well-managed and closely aligned with revenue, demonstrating operational efficiency.
Spending Breakdown
How International Association Of Machinists & Aerospace Workers allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about International Association Of Machinists & Aerospace Workers
Is International Association Of Machinists & Aerospace Workers a legitimate charity?
Based on AI analysis of IRS 990 filings, International Association Of Machinists & Aerospace Workers (EIN: 20599079) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is International Association Of Machinists & Aerospace Workers a good charity to donate to?
International Association Of Machinists & Aerospace Workers has a Mission Score of 75/100. Revenue: $7.3M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Association Of Machinists & Aerospace Workers?
The Employer Identification Number (EIN) for International Association Of Machinists & Aerospace Workers is 20599079. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does International Association Of Machinists & Aerospace Workers spend its money?
International Association Of Machinists & Aerospace Workers allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Association Of Machinists & Aerospace Workers's tax-exempt status?
You can verify International Association Of Machinists & Aerospace Workers's tax-exempt status using EIN 20599079 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The International Association Of Machinists & Aerospace Workers demonstrates consistent financial activity with revenues generally exceeding expenses, leading to a steady growth in assets over the past decade. For instance, in 2022, revenue was $6,617,362 against expenses of $6,470,574, contributing to an asset base of $1,398,112. The organization consistently reports zero liabilities in most recent filings, indicating a strong balance sheet and sound financial management. The absence of reported officer compensation across all available filings suggests that executive remuneration is either not applicable in the traditional sense for this type of organization or is handled through different reporting mechanisms not captured in the 'Officer Comp' field, which could impact transparency if not further clarified.
Spending efficiency appears reasonable, with expenses closely tracking revenues. While a detailed program spending breakdown isn't explicitly provided in the summary data, the overall financial health, marked by increasing assets and minimal liabilities, suggests effective resource utilization. The organization's financial stability is further underscored by its ability to maintain operations and grow its asset base even during periods where expenses slightly exceeded revenue, such as in 2020 and 2016.
Transparency regarding executive compensation is a potential area for improvement, given the consistent 0% reported. While this might be accurate for the specific field, a more detailed explanation of how leadership is compensated or if it's entirely volunteer-based would enhance public trust. The consistent filing of IRS 990s over 12 periods demonstrates a commitment to regulatory compliance and basic financial transparency.